CEO Of Crypto and Forex Trading Got Arrested by FBI:
The CEO of a crypto and forex trading platform is charged with a fake scheme. Eddy Alexandre who is the CEO of cryptocurrency trading platform EminiFX, has been arrested by the FBI on a charge of commodities and wire fraudulent scheme.
According to an official announcement from the US Department of Justice, Alexandre regulated fake crypto investment and trading platforms and managed to support $59 million in investments from hundreds of customers, between 2021 and 2022.
Eddy Alexandre has promised 5% weekly returns for its customers.
The case is being handled by the specific department- Office’s Securities and Commodities Fraud Task Force.
Eddy Alexandre, the CEO of cryptocurrency trading platform EminiFX, has been found accused by the FBI of a charge of commodities and wire fraudulent scheme.
According to an official announcement from the US Department of Justice, Alexandre ran a fake crypto investment and trading platform and managed to support $59 million in investments from hundreds of investors, between 2021 and 2022.
Alexandre reportedly made fake promises as he will be providing high return potential and specifically announced that the platform’s users would become rich even millionaires also within a few years if they invested $100,000.
Commenting upon this case, US Attorney Damian Williams said that “in the real world, no such technology has ever existed, as Alexandre is reported to have invested very little of their money – most of which he had lost – and he has transferred most of the amount to his accounts to pay for luxury items for himself.”
FBI Assistant Director-in-Charge Michael J. Driscoll said: As reportedly, Mr. Alexandre supported millions of dollars from unknown investors to whom he ‘promised’ to pay weekly returns of 5% through his trading platform using a new technology he refused to open in front of them. As with many greedy actors who have followed him, he then used specific portions of the investor funds he supported to buy priceless luxuries for himself.”
Alexandre profusely transferred at least $14.7 million of investors’ funds to his bank accounts, instead of investing it as promised to do so. The announcement further disclosed that he spent $155,000 in investor funds to purchase a BMW car for himself and $13,000 on car payments.
Last week, City of London police were searching for the “crypto muggings” in London, where most of the victims had lost thousands of pounds in cryptocurrency.